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Rajbank Small Savings Account( RBSS account)
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| 1. |
Name
of Account |
"Rajbank Small Savings Account
(RBSS account)" |
| 2. |
Eligibility
|
Individuals - singly or jointly
|
| 3. |
Minimum
initial Deposit |
No initial deposit is required and
a/c can be opened & continue with zero balance.
|
| 4. |
Documents required
|
The account will be opened with relaxed
KYC
norms as per guidelines of RBI, in terms
of which the accounts can be opened on the
basis of |
a) introduction from another account
holder
whose account has been subjected to full
KYC norms and which is at least 6 months
old and has run satisfactorily , or |
b) any other evidence as to the identity
&
address of the customer subject to
satisfaction of the branch . |
| 5. |
Maximum
balance |
Rs.50,000 (Rs. fifty thousand )at any
point of
time.The account will be treated a regular Savings account in
case this balance is exceeded. |
| 6. |
Aggregate
Credits |
The aggregate credits in the account
during
one year should not exceed Rs. 1,00,000 (Rs. one lac) and if
this limit is exceeded, the account will
be treated as regular SB account. |
| 7. |
Product availability
|
The Account will be made
available at all our branches.
|
| 8. |
Cash
withdrawal facility |
On a request in writing from the account
holders of these accounts Bank may
provide one cheque book( 20 leaves )
per annum free of charge with the
condition that no further free cheque book
will be issued to them and subsequent
cheque books may be provided after
recovering usual charges.
However, cash withdrawals will be
allowed upto a maximum of 5
withdrawals per month either through
Withdrawal Slips or Cheque leaves .
|
| 9. |
Pass
book |
At the time of opening the account
customers will be issued a pass
book. The pass book will have the
Photograph of the account holder duly
authenticated by the officer of the
branch. In the case of illiterate customers,
alongwith Photographs, his/ her
Left/ right thumb impression will be
obtained on the pass book as well as
on the account opening form duly
authorised by the concerned officer of the
branch. |
| 10. |
Collection
of Cheques : |
|
| a)Third Party
Cheques |
Third party cheques drawn in favour
of customer upto a value of Rs.25000/-
(Rs. twenty five thousand) per transaction
will allowed.
|
| b)Out
station cheques |
Normally collection of cheques will
not be
encouraged in this account. However,
no charges will be levied for instruments
upto Rs.2500/- drawn on our branches.
In case of instruments drawn on other
banks actual charges levied by other
bank plus out of pocket expenses will
be recovered. |
| 11. |
Account closure
charges |
Nil |
| 12. |
Issue
of Pay order/ DD/
Banker's cheques
|
50%of charges as applicable in the
case of
normal SB account. |
| 13.
|
Cheque
return charges |
In case of cheques deposited by customer
in his account being returned unpaid,
charges as applicable in the case of normal
SB account will be recovered. |
| 14. |
Nomination
facility |
Nomination facility will be available as in case
of normal SB account.
|
| 15. |
General Condition
: |
If the conditions relating to Maximum Balance
and total credits in RBSS Account opened by a
customer are violated the account will cease
to be a No-frill Account. Further operations
will be permitted only upon implementation
of full KYC norms except for withdrawals of
the entire balance for closure of the account
through account Payees Pay order or Demand
Draft.
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Copyright
© 2000 The Bank Of Rajasthan Ltd.
All rights reserved.